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5406 50 Avenue
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Lacombe · Single Family · under $625,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to this beautifully restored century home located in the heart of Lacombe. This exceptional property seamlessly preserves the historic character of a turn-of-the-century build while introducing premium modern upgrades. Inside, the classic craftsmanship is on full display with bold crown molding and sophisticated wainscotting. The warm, functional kitchen features a modern downdraft gas stove, abundant storage, and extensive counter space for meal preparation. The main level transitions into an architectural focal point: the property’s unique "turret" section. The lower portion of this feature houses a cozy den and sitting area complete with comfortable in-floor heat and a built-in wet bar. Above the den sits a spectacular loft area, uniquely designed with glass flooring blocks that allow light to pass through, creating an incredible ambiance for a media or recreation room. The entire original second story has been completely transformed into a massive, private primary retreat. This expansive layout features a dedicated living area, an integrated dressing table, a reading/workout area, and a full four-piece bathroom. Storage is plentiful with two separate walk-in closets, clever built-in "cubbies," and a highly practical laundry chute connecting directly to the lower level.Situated on an impressive 0.4-acre lot, the outdoor and workshop amenities are unmatched for a town property. Accessible via the back alley, the massive 25x40 foot, three-bay garage features in-floor heating, a dry sump, a direct water feed from the house, and an upper mezzanine level for storage or projects. One of the bays is a convenient pass-through design, and the structure includes a dedicated "cellar" space equipped with its own sub-panel that previously accommodated a dust extraction system. The expansive yard easily accommodates multiple vehicles, offering two dedicated RV or trailer parking spots on either side of the shop in addition to the regular parking outside the garage door s. This is a rare, highly practical property that must be seen to be fully appreciated. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Den | 16.58 Ft x 21.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.92 Ft x 11.58 Ft | |
| Bedroom | 9.67 Ft x 9.50 Ft | |
| Kitchen | 11.92 Ft x 14.75 Ft | |
| Dining room | 11.75 Ft x 16.00 Ft | |
| Living room | 25.58 Ft x 15.50 Ft | |
| 3pc Bathroom | 8.42 Ft x 6.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Loft | 15.17 Ft x 21.25 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.00 Ft x 9.75 Ft | |
| 4pc Bathroom | 15.92 Ft x 12.58 Ft | |
| Recreational, Games room | 20.33 Ft x 12.33 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 21, 2026.
Location of this listing. Distances are straight-line.
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